Hemisfair completed phase 2 of Civic Park in San Antonio, Texas, which will open to the public next month.

This section marks the final phase of Civic Park, completing the public improvements in Hemisfair’s Western Zone. The new section of Civic Park will connect Hemisfair with one of the busiest pedestrian intersections in the city where Alamo Street and Market Street cross, welcoming guests to take part in all of the district’s offerings such as local restaurants, peaceful scenery and plenty of free programming.  

The new section of the park is a continuation of Hemisfair’s vision for a green and active urban neighborhood for San Antonio. Civic Park Phase 2 will feature four main spaces:

Source Plaza, the Promenade, the Zócalo and the Stage.

Source Plaza will act as the entrance to Civic Park from downtown San Antonio. The plaza is a combination of hardscape and landscape with limestone seat walls, shaded terraces and beautiful native plantings that make it a welcoming and comfortable place for everyday use. This plaza will serve as a gateway to Hemisfair and the new proposed entertainment district. Phase 2 completes the Promenade, a main pedestrian artery lined with Mexican Sycamores, providing a shaded walkway that seamlessly connects Civic Park and Yanaguana Garden while linking downtown to Southtown—significantly enhancing San Antonio’s walkability and urban connectivity.

Following the Promenade from Source Plaza will lead guests to the Zócalo, an elevated hardscape terrace that connects this phase of Civic Park with the initial section of the park that opened in 2023. The Zócalo will be filled with movable tables and chairs for daily use and it is also designed to support larger gatherings, complementing the adjacent Great Lawn and Stage. This area of Civic Park features decorative tilework and a limestone water feature fountain designed to emulate the acequias in the region.

The Stage is an addition to the north end of the Great Lawn which provides a space for concerts and larger-scale civic events. Civic Park Phase 2 is thoughtfully landscaped with native plantings, including 59 large trees, that will be irrigated with recycled water from the water collection and treatment system that was built as part of Phase 1 of Civic Park. This system largely eliminates the park’s dependence on potable water sources, allowing resilience during periods of drought. 

While the first phase of Civic Park brought water, gardens and an event lawn to Hemisfair, the second phase of Civic Park will leverage the energy and activation of new retail and hospitality development with Public Private Partnerships (P3s), furthering the vision of an activated urban neighborhood.

Hemisfair is thrilled to invite the public to the official ribbon-cutting ceremony for Civic Park on March 18 at 10:00 AM. This special event will mark the grand opening of San Antonio’s newest signature green space, with city officials and community leaders in attendance to celebrate this milestone. The public is invited to join Hemisfair for a momentous occasion as the park, designed to bring people together and enhance the heart of the city, is unveiled.

Civic Park Phase 2 was completed with the help of the City of San Antonio’s Public Works Department, Skanska USA. and landscape architecture firm, GGN.

PCCP has provided a $72.4 million loan to an affiliate of WPT Capital Advisors for the acquisition of two Class-A, 100% leased warehouse buildings totaling 1.1 million square feet at Elizabeth Creek Gateway in North Fort Worth, Texas.

Built in 2021, Buildings D & E, located at 16000 and 15716 Wolff Crossing, are fully occupied by three tenants. Both buildings feature 36’ clear height, excess trailer parking, ESFR sprinklers, and multiple points of ingress/egress.

Elizabeth Creek Gateway is 20 miles north of Downtown Fort Worth in AllianceTexas, one of the country’s top multi-modal logistics hubs. AllianceTexas includes a BNSF Railway Intermodal Facility, a cargo airport, FedEx and UPS sort hubs, Amazon air hub, two Class I rail lines (BNSF and Union Pacific), and major thoroughfares connecting to the greater DFW MSA and other major Texas MSAs.

The property is three miles north of Perot Field Fort Worth Alliance Airport, 20 miles west of Dallas Fort Worth International Airport, and 20 miles north of Fort Worth Meacham International Airport, making it ideal for regional and national distribution.

Colliers brokered the sale of more than 12.71 acres of raw land along Highway 6 in Missouri City, Texas.

Chris Hutcheson, James Kadlick and Harrison Kane of Colliers represented the seller in the transaction.

Missouri City continues to experience significant growth, attracting businesses and residents with its strong infrastructure, expanding amenities and strategic location along major thoroughfares.

The Highway 6 corridor has become a hub for retail, office, and residential projects, driving increased demand for well-located land opportunities.

CenterPoint Properties closed on the new Class-A TruePort Distribution Center at 2830 E. Pasadena Blvd. in Deer Park, Texas.

The 254,705-square-foot cross-dock warehouse is fully leased to Ironwear, a manufacturer of personal protection safety products.

CenterPoint’s Central Region senior vice president of investments, Rives Nolen, highlighted the building’s proximity to the Port of Houston’s Barbours Cut and Bayport terminals—6.5 and 10 miles from TruePort, respectively—and easy access to Beltway 8 and state highways 225 and 146 as particularly attractive components of this acquisition. 

Nolen said his regional team had placed its Houston market focus on finding investment opportunities in the “Petrochemical Corridor” west of the port’s primary terminals in recent years, coinciding with the port’s significant growth.

Port officials say the nation’s fifth-largest port and the leader in waterborne tonnage has seen a 27 percent increase in volume since 2020. Late last year, the Port of Houston Authority announced more than $1.7 billion will be spent on landside infrastructure improvements over the next five years, which comes on the heels of more than $1.5 billion invested in land and waterside improvements in recent years. According to officials, a channel expansion project, “Project 11,” is on track for completion in 2027.

“Along with its location, this facility has features that give the tenant a significant advantage,” added Justin Gallagher, CenterPoint’s Central Region investment officer. He underscored TruePort’s 36-foot clear height and parking for 59 trailers – both above market average – as two examples. The asset also has 44 dock-high doors, four drive-in doors, a 14,660-square-foot office, and its nearly 13-acre property can accommodate parking for 153 cars.

The JLL Capital Markets Investment Sales and Advisory team led by Senior Managing Director and Industrial Group Co-Lead Trent Agnew, Managing Director Charlie Strauss, and Director Lance Young facilitated the off-market transaction.

CenterPoint’s Houston portfolio is comprised of 18 properties and 2.6 million square feet of industrial warehouse space.

Rosewood Property Company and equity partner Barings have broken ground on The Gilman, a Class-A multifamily community in the Las Colinas neighborhood of Irving, Texas.

Set on 6.86 acres in the heart of Las Colinas off Highway 114, The Gilman will feature 370 apartment homes with a modern, transitional architectural design with sweeping views of The Nelson Golf & Sports Club. Residences offered will be a mix of studios, one bedroom, two bedrooms and three bedrooms. Apartment homes will range from 615 square feet studios to 1,460 square feet in the three-bedroom apartments. The multifamily community is expected to be completed by early 2027.

The Gilman will feature top-of-market amenities for the residents such as: a clubroom, formal living rooms, co-working offices, a TrackMan golf simulator, a top-level sky lounge overlooking the golf course, three outdoor courtyards, a resort pool, dog park and dog spa and an expansive two-story fitness center.

The Gilman is part of an 18-acre master-planned development by Rosewood, which includes townhomes being built by David Weekley and boutique office spaces by Savannah Developers. The site holds historical significance as the location of Las Colinas’ first office building and is being reimagined as a vibrant, mixed-use community.